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Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development business of the Mahindra Group, has announced its financial results for the quarter ended 31st December 2025. In accordance with INDAS 115, the company recognizes its revenues on completion of contract method.
Key highlights
Q3 FY26:
* Consolidated Sales (Resi and IC&IC) of Rs 707 crore
— Q3 FY26 residential pre-sales of Rs 572 crore (saleable area of 0.60 msft, RERA carpet area of 0.45 msft) as compared to Rs 334 crore in Q3 FY25.
— Gross development value additions in Q3 FY26 were Rs 1,010 crore.
— Consolidated revenues of Rs 134 crore in Q3 FY26 from IC&IC business as against Rs 70 crore in Q3 FY25 (Total leased area of 17.9 acres).
— The consolidated PAT, after non-controlling interest, as per INDAS is Rs 109 crore in Q3 FY26 as against loss of Rs 23 crore in Q3 FY25.
· Strong balance sheet and collections.
— Net debt to equity ratio at -0.12 (cash surplus) as of 31st December 2025.
— Residential collections of Rs 1,472 crore for 9M FY26 as compared to Rs 1,365 crore for 9M FY25.
9M FY26:
· Consolidated Sales (Resi and IC&IC) of Rs 2,125 crore
— Gross development value additions in 9M FY26 were Rs 10,560 crore in addition to Rs 18100 crore in FY25.
— 9M FY26 residential pre-sales of Rs 1,773 crore (saleable area of 2.35 msft, RERA carpet area of 1.76 msft) as compared to Rs 1,749 crore in 9M FY25.
— Consolidated revenues of Rs 352 crore in 9M FY26 from IC&IC business as against Rs 284 crore in 9M FY25 (Total leased area of 53.5 acres in 9M FY26).
— The consolidated PAT, after non-controlling interest, as per INDAS is Rs 208 crore in 9M FY26 as against loss of Rs 24 crore in 9M FY25, reflecting strong Resi and IC&IC profitability.
Commenting on the performance, Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd, said, “We are thrilled to announce a strong quarterly result. On the Residential side, we had 3 project completions that contributed to our PAT. We have a strong pipeline of residential launches leading into FY27. On the IC&IC side, we are seeing healthy demand for high quality industrial plots in our industrial parks. We launched phase 2A of Origins by Mahindra in Chennai in December 25.”
